South Africa

Getting SA off greylist by 2024 not impossible

It remains questionable if South Africa can get off the greylist by 2024 according to government’s self-imposed deadline as it generally takes one to three years for countries to address the necessary deficiencies. Before a country can be removed from the greylist, the Financial Action Task Force (FATF) must do a final, on-site assessment when both the FATF and the relevant country believe that all elements of the action plan have been largely or fully addressed,” says Candice Dookran, product manager and compliance expert at RelyComply, an AI-driven end-to-end anti-money laundering platform. President Cyril Ramaphosa wrote in a recent newsletter…